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luxury real estate

The Council for Community and Economic Research just released its sixth annual city cost-of-living rankings. We'll tell you which cities made its top 10 list, plus the average costs of a few ordinary purchases in each one to help put those expenses in perspective.

Luxury-home builder Toll Brothers Inc (TOL) reported earnings of 30 cents per share for the quarter ending Oct. 31, compared with a loss of 68 cents per share a year earlier.
Revenue declined 17% to $402.6 million, the company said in a statement. Earnings benefitted from factors including a net tax benefit of $59.9 million, lower write-down costs and reduced costs associated with retiring debt.

Who owns the 25 most expensive homes in Hawaii? The answer to that question provides a window into the changing nature of the U.S. economy by revealing which industries are producing mega-millionaires in an era of economic hardship.

Luxury Georgia resort Sea Island Co. agreed to sell most of its assets to a group of investors including Avenue Capital Group and Oaktree Capital Management.
The price of the transaction was not disclosed. Sea Island had earlier been close to an agreement to be bought by Avenue Capital and Oaktree in a deal worth about $200 million, Bloomberg News said